HE MICHIGAN DAILY Analyst Claims Businessmen Confident About Near Future Guidance and Placement yester- day at the University, Moellmann warned that such confidence may not be in evidence three months from now, however. A Settled Feeling "But right now there is a set- tled feeling, by and large," he as- serted. "Not the feeling that ev- erything is all right but rather that we have come through thus far somewhat better than we ex- pected and that from here on in things will go reasonably well for the balance of the year." As factors encouraging the op- timism, Mollmann cited the fol- lowing conditions: Employment is at an all-time high. National income is currently running at an annual rate of over 175 billion dollars. Index Higher The index for industrial pro- duction for May is 17 per cent higher than a year ago. Retail sales for the first five months of 1947 are 17 per cent higher than the same period last year. Factory workers in May earned and average of $48.50 per week, an increase of 15 per cent over May, 1946. Cost of Living Hand in hand with these in- creases, however, have gone in- creases in the cost of living Moell- mann said, citing an 18 per cent increase in the Bureau of Labor Cost of Living Index for May. Consumer purchasing power has deterioriated, and any rent increases would widen the de- flationary gap, he concluded. Movie To Be Shown At IRA Meeting Today "The Negro As A Soldier," a documentary movie, will be shown at a meeting of the Inter-Racial Association at 7:30 p.m. today in the Union. Plans for the anti-lynch rally, a midwestern conference of inter- racial associations and an IRA picnic will be discussed. The IRA will sponsor a showing of the movie "Wuthering Heights" Sun- day and Monday. THE L. G. BALFOUR STORE; "Your Official Jewelers" Open every day - Monday through Friday 1:30 until 5:00 Home of the Official University of Michigan ringr IMMEDIATE DELIVERY # 1319 S. University Ph. 9533 .i :..}.,}i-+"i i i{} : JET-POWERED 'BANSHEE'-The Navy's newest fighter plane, the Banshee, shown on a test flight, is powered by two jet engines. Top speed is over 600 miles per hour. Campus Highlights cl McKenna Recital-... Laurance McKenna, baritone, will present a recital at 8:30 p.m. tomorrow at Rackham Assembly Hall. Selections by Dowland, Handel, Mozart, Brahms, Moussorosky, Berlioz, Gounod, Verdi and Ts- chaikowsky will be featured. McKenna will be accompanied by Robert Henderson, pianist. Bible Study Hour . . Michigan Christian Fellow- ship will hold a Bible study hour for all students at 8 p.m. to- day in, Lane Hall. Violin Recital ... Morrette Rider, music school student, will present a violin re- cital featuring music by Arcang- elo Corelli at 8:30 p.m. today in the Rackham Assembly Hall. The program, which will be open to the public, will also in- clude compositions by Quincy Porter and Max Bruch. Major W. Johnson Joins ROTC Staff Major William F. Johnston has recently joined the Department of Military Science and Tactics, ROTC, as assistant professor teaching infantry subjects. Major Johnston graduated from Pennsylvania State College in May 1942 and shortly thereafter entered the military srevice. He was assigned to the 104th Infan- try, 26th Division, then a part of the Eastern Defense Command. He later saw action with this unit in Patton's Third Army, serving as a company commander, regi- mental supply officer, and battal- ion executive officer. His 3ast duty prior to his return from oc- cupation duty was as a Staff Of- ficer in G-4 section, Headquar- ters U.S. Forces in Austria. He was integrated into the Regular Army in July 1946. Vets' Unclaimed Checks To Be Sent To Columbus 'tomorrow Checks for the following veter- ans are being held at the Main Ann Arbor Post Office and will be returned to Columbus tomorrow. Franklin H. Johnson, William Juskewitz, ArchibaldsV.,R. Kane, Webster L. Kaiser, Jr., Glenn E. Kelley, Arnold Klukeski, Harry Koenig, Alexander Kohan, Ted M. Kubiniec, Clarence R. Kuts- chinski, Robert E. LaJoie, James C. Lamy, David W. Larsen, Jamcs D. Larson, John B., Le Roy, Jr., Malcolm Levenson, Allen D. Lew- is, Fred M. Libin, Walter Kaye Locklin, William C. Low, Robert M. Lowry, George H. Lucks. Harvey J. Maisel, Louis K. Mal- ing, Clayton H. Manry, Joseph D. Marble, Kenneth G. Marshall, James R. Marshall, Jr., Eugene C. Martinson, David O. Matthews, Hugh F. Mayr, Robert W. Metz- ger, Walter P. Meyers, Kenneth James Miller, Maxwell M. Miller, Jr., Victor B. Monnett, Paul E. Moon, Harold Morrill, Ellis J. Morton, Emanuel Mougianis, Pet- er C. Mac Fralane, Robert S. Mc- Cluskie, Edward J.McGraw. Don- ald A. McIntyre, Jr.. John D. Mc- Master, Margaret G. McMath, Richard H. McWilliams.. William M. Neat, Ann H. Nich- ols, Allen J. Nieber, Jr., Donald V. Oetjen, John H. Page, Jr., Marie C. Page, Barbara A. Peterson, John J. Phelan, Fred W. Phister, Robert D. Pierce, Watson B. Pierce, Henry M. Platt, Roger H. Pollard, Robert W. Pollari, Thom- as L. W. Preston, Fred A. Pul- loin. Robert J. Rabe, Robert E. Ras- che, Beverly J. Reeder, Mary H. Richardson, Richard L. Riedel, Claude W. Roberts, Carl E. Rog- ers, Joseph V. Rogers, John D. Rommel, Jr., Earl H. Rovit, Rob- ert C. Rounding, Robert J. Ruehl, Lawrence H. Russgau, N. Leiv Rydland, George S. Saffian, Rob- er E. Ealamon, Darwin E. Samp- son, Frederick E. Sanquist, Reg- inald G. Salls, IV, Harry W. Saums, Edward R. Schneider, Donald M. Schoen, Hewitt A. Schoonover, Hewitt A. Schoon- over, Gerald L. Scott, Stanley B. Serafinski, Sherman L. Setomer. Donald N. Shapiro, David Q. Sharp, Edward Byron Sheffel, George W. Sheperd. Jr., Marion D. Skeels, Charles R. Slauht, Richard H. Slater, Howard M. Smith, John R. Smelenski, Sam- uel Solomon, Ray B. Sowers, Rob- ert M. Spangler, Douglas R. Stark, Robert B. Stitt, William R. Sturtz, Baird A. Thomas, CharlesF. Thomas, John C. Tolfree, John C. Tracey, Edward H. Tumin, Lor- raine B. Ullstrom. Ensign Voorhees, Donald E. Van Hock, Francis A. Warner, Leslie A. Ward, Jerry Wasylyk, Richard P. Wayne, Maurice D. Weidenthal, Alan H. Welch, Thomas E. Wheat, Hugh H. Wil- kin, Jr., Leroy Albert Woodward, Ralph W. Worsey, Jr., Dale W. Yambert, Jr., War'ren G. Yoder, Leonard A. Zelek, Carter Zalesnik. Diamonds and Wedding L, y-yRings . 717 North University Ave. Fur that Delicious Midnight Snack Try MILLER'S Box Lunch Golden Brown Chicken or Fried Jumbo Shrimp Home-Made Rolls and Individual Pies Call 2-7171 We Deliver Anywhere, Anytime Unique Books Bring Institute To Ann Arbor (Continued from Page 1) the Linguistic Society of America are on the staff besides the editor of the Society's journal, Language. Practically all schools of thought in modern linguistics are repre- sented either in members of the faculty, lecturers or scholars, he explained. Leaders in special fields of in- vestigation, such as phonetics and linguistic geography, he said, sup- plement those interested in prac- tical problems of how to teach foreign languages, or how to teach English to foreign students. Although teamwork among the American linguists, brought about largely through uniform methods of study fostered by the Institute, has placed the United States near the lead in language study within the last 25 years, much work re- mains to be done,, Dr. Kurath re- marked. "You can't know a country un- less you know the language," he declared, pointing out that in- terpreters will not suffice. As we make committments with other countries, we will need more people to talk the language, he said, explaining that since the end of hostlities, the Institute has been actively carrying on instruction and research in Oriental langu- ages - Chinese, Japanese and Siamese '- which will be of ever increasing importance as the na- .on's sphere of influence grows wider. SUMMER WEATHER SAdtime for a more exciting., flattering hair-do. See the Q V Q- today! BEAUTY ARBOR 0 1315 S. University Ph. 7156 (Continued from Page 2) hold the first of four on Latin America, conferences Wednesday, July 16, at 4:10 p.m., East Con- ference Room, Rackham Building. These conferences are part of the Summer Lecture Series. "The United States in World Affairs." Major General John H. Hilld- ring, U.S.A. (Ret), Assistant Sec- retary of State. U.S. Department of State, will give a lecture, "What is our Purpose in Germay?", Wed- nesday, July 16, at 8:10 p.m., Rackham Lecture Hall. This is a. lecture in the Summer Lecture Series, "The United States in World Affairs." The public is in- vited. Coming Events Professor Gottfried S. Delatour will hold the first of four confer- ences on European affairs, Thurs- day, July 17, at 3:10 p.m., East Conference Room, Rackham Building. These conferences are part of the Summer Lecture Ser- ies, "The United States in World Affairs." The Art Cinema League pre- sents JERICHO, a f i r s t-run French film with English titles, dealing with the FFI underground resistance against the Nazis, in France. Thurs., Fri., 8:30 p.m. Box office opens 3 p.m. daily. Tickets phone 4121, Ext. 479. Hill Audi- torium. There will be dancing at the Casbah this Friday and Saturday from 9:00 until 12:00 with Al Chase's Band. Stags and couples are welcome. Price $.60 per per- son. Tickets now on sale at the desk at the League. University Community Center' 1045 Midway Boulevard Willow Run Village Calendar of Events Thu., July 16, 8 p.m., Art Class. Beginning Still Life. Mrs. David Palmer, Instructor, Fri., July 18, 8 p.m., Duplicate. Bridge Tournament. The Inter-Racial Association is sponsoring the motion picture, "Wuthering Heights," at Hill Au- ditorium, Sunday, July 20, at 8 p.m. and Monday, July 21, at 8 p.m. Read and- Use Michgan Daily Classified Ads TYPEWRITERS Bought, Sold, Rented Repuked STUDENT & OFFICE SUPPUN 0. D. 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